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Question 22 23 It is April 25, 2017 and you have built a DCF valuing Google's equity value at $675 billion. On December 12, 2016

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Question 22 23 It is April 25, 2017 and you have built a DCF valuing Google's equity value at $675 billion. On December 12, 2016 Google announced a 2 for 1 stock split (affecting all share dasses) that took effect on March 15, 2017. The latest data on Google's share count on the date of valuation was the following disclosure on the front cover of Google's 2016 10K As of January 26, 2017, there were 297,117,506 shares of the registrant's Class A common stock outstanding, 47,369,687 shares of the registrant's Class B common stock outstanding, and 346,933,134 shares of the registrant's Class C capital stock outstanding In the footnotes, the company also discloses the following: Our Class B common stock has 10 votes per share, our Class A common stock has one vote per share, and our Class C capital stock has no voting rights. As of December 31, 2016, Larry, Sergey, and Eric beneficially owned approximately 92.4% of our outstanding Class B common stock, which represented approximately 56.8% of the voting power of our outstanding capital stock In addition, the following disclosure was made in Google's financial footnotes: Stock-Based Award Activities The following table summarizes the activities for our unvested restricted stock units {RSUS) for the year ended December 31, 2016: Unvested as of December 31, 2015 Granted Vested Forfeitedicancel Unvested of December 2016 Unvested Restricted Stock Units Number of Shares Weighted Average Grant Date Full Value 25,761,186 553174 13.502.909 13.00 112.002,071) $532.87 11.093,06014 55620 25.145,955 3624.04 Question: Including all invested restricted stock to the diluted haunt assuming Google has no other dilutive Securities and assuming that investors place no value in voting power wat is elty value per share

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